hard · Elliott Wave Theory motive
If an analyst labels a move as a 'leading diagonal' in the Wave 1 position, but the motive sub-waves (1, 3, 5) appear to be three-wave corrective structures on lower time frames, what is the most likely error in the count?
- The trader has correctly identified a valid 'Type 2' leading diagonal pattern.
- The pattern is actually an ending diagonal, which is misplaced in the Wave 1 position.
- The pattern is instead a standard motive impulse wave, since its five legs are impulsive.
- The pattern is instead a valid, textbook leading diagonal with proper five-wave legs.
Sign up free to see the explanation and track your rank →
More Elliott Wave Theory motive practice
- In a five-wave advance, Wave 1 is 10 points long, Wave 3 is… — How should this count be co
- If Rule 3 must be satisfied, what is the highest price Wave 4 can reach?
- An analyst identifies a 5-wave pattern where Wave 4 overlaps… — Where is this pattern most
- When analyzing an Ending Diagonal, what is the 'Slope Comparison' requirement for confirmi
- If Wave 3 reaches $160.00, which of the following price levels would invalidate the impuls
- You observe a five-wave motive move in a wedge shape where W… — Where in the larger trend
- What is the 'Orthodox Extreme' in a five-wave impulse that ends with a truncated fifth wav
- If the next correction drops the price to $118 before a final rally to $180, why is this c